sebi:Order/GR/BM/2022-23/22130-22131
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Penalty imposed on both Noticees for violations of SAST Regulations, 2011
Provisions invoked
- s. 15A
- s. 15
- s. 15H
- s. 15J
- s. 28A
Regulations
- Reg. 4
- Reg. 6
- Reg. 13
- Reg. 11
- Reg. 3
- Reg. 16
- Reg. 9
- Reg. 10
- Reg. 17
- Reg. 15
- Reg. 14
- Reg. 5
- Reg. 29(1)
- Reg. 29
- Reg. 21
- Reg. 23
- Reg. 29(2)
- Reg. 29(3)
- Reg. 30(3)
- Reg. 30(2)
Parties
- Surekha Venugopal Rao (Noticee No. 1)
- K S Venugopala (Noticee No. 2)
Holding
Noticee No. 1 (Surekha Venugopal Rao) violated Regulation 3(2) read with Regulations 13, 14, 15, 16, 17, 18 and Regulation 29(2) read with 29(3) of SAST Regulations by failing to make an open offer and timely disclosure, attracting a penalty of Rs. 11,00,000 under Sections 15H(ii) and 15A(b) of the SEBI Act. Noticee No. 2 (K S Venugopala) violated Regulation 29(2) read with 29(3) and Regulation 30(2) read with 30(3) of SAST Regulations for delayed disclosure, attracting a penalty of Rs. 1,00,000 under Section 15A(b) of the SEBI Act.
Full text
______________________________________________________________________________________ Adjudication order in the matter of Tejassvi Aaharam Limited Page 2 of 22
______________________________________________________________________________________ Adjudication order in the matter of Tejassvi Aaharam Limited Page 3 of 22
______________________________________________________________________________________ Adjudication order in the matter of Tejassvi Aaharam Limited Page 4 of 22
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:Order/GR/BM/2022-23/22130-22131. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.